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Blue Label offers ZAR 5.5 bln for 45% stake in Cell C
2016-10-05 10:45:00| Telecompaper Headlines
(Telecompaper) South Africa's Blue Label Telecoms has agreed to pay ZAR 5.5 billion to acquire 45 percent of mobile operator Cell C. The company said that it will increase its stake in Cell C from the 35 percent it originally announced in December 2015.
Microsoft doubles cloud investment in Europe to USD 3 bln
2016-10-03 14:25:00| Telecompaper Headlines
(Telecompaper) Microsoft wants to push the development of cloud computing in Europe and will more than double investment to USD 3 billion. CEO Satya Nadella and president Brad Smith have unveiled a plan which starts with the intention to deliver Microsoft Cloud services from datacentres in France from next year. Cloud services include Microsoft Azure, Office 365, Dynamics 365. The executives also unveiled 78 public policy recommendations in "A Cloud for Global Good", with topic running from next-generational skills, enhancing security and privacy in the digital age, to environmental sustainability, keeping communities safe, and securing a bright future for all children.
Tags: europe
microsoft
investment
usd
India starts spectrum tender, bids top INR 535 bln
2016-10-03 11:11:00| Telecompaper Headlines
(Telecompaper) India has launched its largest ever spectrum tender. The 1800 MHz and 2300 MHz bands, for provision of 4G services, saw the highest interest after five rounds of bidding on 1 October, ET reports, citing data released by India's Department of Telecom (DoT). Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio Infocomm have placed bids worth a total INR 535.3 billion. The 700 MHz band failed to attract bidders in the first day of auction.
Tags: top
india
starts
spectrum
Telefonica abandons EUR 1.5 bln Telxius IPO on weak demand
2016-09-30 08:25:00| Telecompaper Headlines
(Telecompaper) Telefonica has cancelled its planned initial public offering of infrastructure unit Telxius, citing inadequate investor demand. The company "has decided to abandon the offering because it regards the valuation of Telxius implicit in the purchase orders as inadequate," said Telefonica in a statement submitted to stock market regulator CNMV, adding that it would "continue analysing strategic alternatives in connection with the asset." A source close to the operator cited by the Financial Times said the valuation process had been affected by the "market situation" as well as by "lesser knowledge" among investors of Telxius's underwater cable businesses, adding that the company had decided not to sell assets "at a loss" because it had "sufficient options to keep its investment grade rating." Bloomberg added that investors had balked at paying the asking price of EUR 12 to EUR 15 a share, according to unnamed sources.
5G to bring annual EUR 113 bln benefit to EU economy - study
2016-09-29 12:01:00| Telecompaper Headlines
(Telecompaper) The deployment of 5G technology is set to create over two million jobs and generate EUR 113.1 billion a year of benefits for the European economy by 2025, according to a European Commission supported study. Although the total cost of deploying 5G across all EU member states could reach some EUR 56 billion in 2020, the return on that investment could result in trickle-down benefits totalling as much as EUR 141.8 billion a year, according to the year-long study prepared for the EC by InterDigital Europe, Real Wireless, Tech4i2 and Trinity College Dublin's Connect programme.
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